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Tag Archives: Stablecoins

SEC Chair Gensler: Stablecoins Are Poker Chips at the Casino Gaming Tables

David Ignatius of the Washington Post interviewed SEC chair, Gary Gensler, on the cryptocurrency landscape, where the latter provided his approach to regulating the digital asset industry. Gensler expresses optimism for the possibilities crypto provides for enhancing finance, but he also believes that most of the space should fall under regulatory supervision – including stablecoins. At the start of the interview, Gensler commented on the recent market crash in the market of...

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U.S. Treasury Targets Stablecoins in Latest Regulatory Risk Assessment

As regulatory pressure mounts in the U.S., policymakers are putting stablecoins at the top of their agendas. Citing “people familiar with the matter,” Bloomberg has reported that officials are crafting a policy framework set to be released in the coming weeks. Their primary concern is ensuring that investors can reliably move money in and out of tokens, it added. The anonymous insiders are worried that a “fire-sale run on crypto assets could threaten financial stability and...

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Over $2.5 Billion USDC Now Circulates on Solana

Solana’s network saw explosive growth this year, but it appears that it’s not just NFTs that are driving it higher. The total amount of USDC that circulates on Solana is now up to $2.5 billion. Data from the Solana explorer reveals that the current supply of USDC on the network is just shy of $2.5 billion. Commenting on the matter was the Co-Founder and CEO at Circle, the company behind the dollar-pegged stablecoin, Jeremy Allaire, who said that the “USDC on Solana jumped...

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Nearly $2 Billion Stablecoins Recently Flowed into Exchanges: Here’s What This Means (Analysis)

Stablecoins remain the most traded assets in the crypto market. Fresh data from on-chain analytics firm CryptoQuant shows that nearly $2 billion worth of those tokens were recently moved into exchanges. According to Ki Young Ju, CEO of CryptoQuant, these massive deposits are actually a bullish sign for the industry. Ju noted that most crypto trading platforms usually fill the market to enable users to purchase different coins, including Bitcoin (BTC), Ethereum (ETH), and...

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U-Turn: Centre to Convert USDC Reserves to Cash and US Treasuries

Centre, the issuer of popular stablecoin USDC, has revealed that it will convert the asset reserves back to cash and U.S. treasury bills only. In an official blog post on Monday, the Centre Consortium noted that it now intends to “hold the USDC reserve entirely in cash and short duration US Treasuries.” The organization said the decision was prompted by its commitment to increasing transparency and exploring new opportunities to collaborate with the USDC community. It noted...

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Digitale Währungen der Zentralbanken: Hier kommt die Weltkarte

Digitale Währungen der Zentralbanken: Hier kommt die Weltkarte. (Link zur interaktiven Karte weiter unten im Blogartikel) Die grossen Notenbanken der Welt haben eigene Pläne für digitale Währungen, denn der Bitcoin ist vielen Regierungen ein Dorn im Auge. So hat China bereits einige Rechenzentren im Land abschalten lassen. Viele Länder sorgen sich um die Stabilität und Sicherheit der Finanzmärkte, wenn alles am Staat vorbeiläuft. Zunehmend...

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Bitcoin’s S2F Model is Flawed, Argues CryptoQuant CEO

The popular Bitcoin stock-to-flow model is flawed, and the asset’s price might not reach a six-digit territory as it predicts, claimed the CEO of CryptoQuant, Ki Young Ju. In a recent interview, he also spoke about the declining issuance of stablecoins, the negative GBTC premium, and the potential consequences for BTC’s price. BTC S2F Model is Flawed Developed a few years back, the stock-to-flow model and its variations take into account the annual supply of BTC (flow) and...

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Circle and Unstoppable Domains Introduce Usernames for USDC Transfers

Circle, the blockchain company behind one of the most popular stablecoins – USDC, plans to simplify user experience and USDC transfers in different apps and exchanges. To do so, the company has introduced usernames for wallets through a partnership with the domain name provider – Unstoppable Domains. Circle Introduces USDC Usernames In a press release shared with CryptoPotato, Circle announced the partnership with the DLT-based domain name provider. Thus, the fintech firm...

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Mastercard Has to Be in the Cryptocurrency Space, Says CEO

As cryptocurrency adoption enters a mainstream stage, traditional financial services platforms are trying to adapt to the changing financial ecosystem. To maintain their importance in this industry, payment processors like Mastercard and Visa intend to use their large client base and international reach to attract both government and private entities when they are testing their CBDC or stablecoin projects. During an earnings call yesterday, Mastercard’s CEO, Michael Miebach,...

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Wyre Partners With Polygon to Offer USDC to Customers

Wyre, a blockchain payments provider, announced today that developers around the world are now able to provide USDC stablecoin to customers in the Polygon ecosystem. The feature was made possible through a partnership with Polygon. Wyre Integrates With Polygon Wyre said in a press release shared with CryptoPotato that the integration of its Checkout API with Polygon will allow developers to quickly and easily provide a fiat-to-USDC on-ramp for their users. Meanwhile, the...

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